No promotions, career paths, or incentives to work harder - Anonymous employee BNY Employee Review

1.0
Jun 7, 2013
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Casual work environment, pleasant coworkers here in the trenches

Cons

People who are long overdue for promotions (by 2 plus years) are told that there is a 'promotion freeze'. Upper management admitted the freeze was not one of the best decisions they've made, and as a result, talked about reversing the freeze. That never happened. As a result, they are losing valuable employees to other companies. One sure thing - this company is really good at talking the talk, not walking the walk.

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5.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

4.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

There is real opportunity for career and skill growth. The company runs short on head count, so people willing to take on more responsibilities have avenues to progress. However, you will need to force the issue for promotions & large salary increases after you prove your capabilities. Realistically it'll take an external counteroffer to move the needle.

Cons

It's a large bank and you're a number in the system. If your NPV is positive you'll stay, else you'll be laid off. This includes both scenarios you control and those you don't. Ex. You control your performance, in office time and networking You don't control if your location is a strategic growth site, if a major client goes with a competitor, or if you'd be impacted by a general company-wide layoff plan.

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